Aug 6, 2026 – 5.36pmThe Australian sharemarket’s surprising rebound isn’t over just yet – especially with the earnings season kicking off and hopes that an imminent US-Iran deal will open crucial trade routes in the Middle East.The S&P/ASX 200 Index has already reset its record high twice this week thanks to a 6 per cent surge since the start of July that has outpaced all three major indices on Wall Street and taken short sellers and fund managers by surprise after a lacklustre 12 months.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles